NewLake Capital Partners, Inc. (OTCMKTS:NLCP) Short Interest Update

NewLake Capital Partners, Inc. (OTCMKTS:NLCP) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 31,800 shares, a growth of 71.0% from the November 30th total of 18,600 shares. Based on an average trading volume of 107,800 shares, the short-interest ratio is currently 0.3 days.

NewLake Capital Partners Trading Down 1.2 %

OTCMKTS NLCP traded down $0.22 on Friday, reaching $17.70. 52,431 shares of the company’s stock traded hands, compared to its average volume of 46,448. The stock has a 50 day moving average price of $18.77 and a 200-day moving average price of $19.42. NewLake Capital Partners has a fifty-two week low of $15.90 and a fifty-two week high of $21.46.

NewLake Capital Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.43 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 9.72%.

NewLake Capital Partners Company Profile

NewLake Capital Partners, Inc is an internally-managed real estate investment trust that provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions and third-party purchases and funding for build-to-suit projects. NewLake owns a portfolio of 31 properties comprised of 14 cultivation facilities and 17 dispensaries that are leased to single tenants on a triple-net basis.